♪ >> if you hate both candidates and decide to vote on issues, somethings gotta win on the issues people agree with trump on all the major issues. >> people look at this and they say this can happen to a former president cannot happen to me, is this a weaponize federal government coming after me. >> you cannot just raise minimum wage and not take that into affect everything else is an

unhealthy ecosystem if economics in california the piece is no longer fit together. >> we seem to much footage of him providing verbal solid he just looks old and he is old and we seem to much of the american people ♪ ♪. stuart: that is cool i'm not as good as i once was. toby keith i presume that refers for president. >> that is new york city sixth avenue on an off day hardly anybody around because at 11:00 o'clock on this wednesday june 19 that is juneteenth markets are closed but we can take a check on futures the dow is down 60 but the nasdaq up 41 points, shall be big tech where are we with that nvidia up 80 cents, apple down 20 cents

fractional moves for microsoft, amazon and apple but that is the futures market check the price of oil a worldwide market in progress, it is rising the price of oil is rising $82 a barrel right now. now this, let's call it joe biden difficult day, there have been quite a few difficulties recently but his problems are his own making tuesday the president announced an extensive amnesty program for illegal migrants, he was surrounded by top officials and did this. >> my name is joe biden and i am doctor jill biden's husband thanks to all the members of congress and homeland security secretary. [inaudible] all kidding aside secretary mayorkas, the white house alleges that we in the media are using cheap fakes and manipulative editing to make the

president look bad, not true, what you saw was not fake, what you saw with obama led a confused president off the stage was not edited and the freeze at the juneteenth celebration was a freeze anyway you slice it we're not making it up it's you that is covering it up, here's another difficulty, just as the president was announcing the migrant amnesty program illegal from ecuador was arrested for raping a 13-year-old girl and a public park in new york city, he had been deported two years ago, how come he is still around, does it have something to do with the democrats blocking i.c.e. agents in sanctuary cities were bidens open border, migrant crime opens the door for donald trump to save this, roll tape. >> we should not be talking amnesty, we should be talking about stopping the invasion instead, this is an invasion of our country, we have to seal the border and let people come into our country but they have to come in legally.

we have to send joe biden's illegal aliens back home where they belong we have no choice. >> tuesday another senior moment in another disaster from the open border, that was joe biden's difficult day, the third hour of "varney" starts now. ♪. stuart: thankfully liz peek is with us this juneteenth. it feels like we can say biden had a difficult day every single day, will his cognitive decline be the defining issue in this election? >> is a very big issue and i think the debate next week is getting determine whether it's a defining issue but there's so much more that people are focused on including these things that you call bad days, the migrant situation explained to me how it is that we had a poll showing that the majority of a majority of americans

actually approve of mass deportation which was not the case in 2016 when trump talked about it then. even hispanics by a majority agree that we should deport these people, why is he granting amnesty, that seems politically stupid to me and is doubling down on policies that people really don't like including and i've said this before under program including hispanics i speak to hispanics in new york city all the time, they hate what joe biden is doing because their neighborhoods are where the gangs and venezuelan drug dealers and all these people are indeed not it is making their lives very difficult, granting amnesty to a whole bunch of people that was a celebration of daca if you remember obama have lost ground with hispanics because he promised that basically he would change immigration policy when he became president, he didn't he lost ground with hispanics and

daca was like a rabbit out of a hat to save him from his election campaign and biden must think that work for obama and it'll work now, the mood of the country has changed 180 degrees not going to work. >> rachel maddow called the supreme court flagrantly corrupt. roll tape. >> realistic terms he's really got immunity because they already delayed things so long that the stuff that he did in 2020 he's not going to be tried for before he gets back in the white house and all those cases go away the supreme court is flagrantly corrupt the plane corruption of a couple of the supreme court justices is john roberts problem the chief justice and he has to police it to save his court in the legal system to never give the supreme court for roe v. wade. they don't like the fact that the constitution reigns supreme in the supreme court and in america. that blows up all of the progressive agenda which by the

way is illegal going back to the immigration amnesty program of joe biden it is illegal in the constitution congress is given authority over immigration not the president en masse amnesty programs like this in particular parole, that specifically is in the constitution as being under the authority of congress, not the president. this is an illegal president, i was about to say corrupt i won't go there on your program i'll get you into trouble in b-2. the reality it's an illegal president and the white house has done so many things that are off-limits. stuart: i want to get to your new op-ed europe is turning right, could trump lead the way for us next, i sure hope so. >> brags it preceded trump been elected in 2016, sometimes europe is ahead of us, what are they sick of they are sick of climate idiocy and mass immigration in europe and they

throughout all the liberal centrist leaders who have gotten them there, i really hope november people decide spending hundreds of billions of dollars on climate agenda that normally is not working and not popular is not the way they want this country to go in the open border has got to go. >> i think bidens green new deal is in trouble. >> fisk or is one more hagan of wheel that brings this thing down i hope. stuart: thank you for being here. the markets are closed today for juneteenth, we do have a look at nvidia corporation, that is premarket, that is futures trending overnight. it closed, that is the previous close, let me get that right, mark tepper with me for the hour, nvidia the most valuable company in the world, how much further will ago. >> everyone's talking about 5,000,000,000,003.3 trillion

such a big number, i think it's doubtful that this happened this year end by the end of next year it is certainly obtainable. stuart: this was up 240% last year and everyone said no way he does that again lo and behold it's up 170% this year, when you look at the stock it looks cheap it's trading at 45 times forward multiple but the long-term earnings growth rate is almost 45%, when you divide the multiple by the growth rate it actually looks cheap. i want to say one more thing about nvidia is the biggest beneficiary of the a.i. rally, they did not started. if you think about it the greatest day in the history of nvidia was november 30, 2022 when openai rolled out chat gpt that's what caused investors to go buck wild on trying to scoop up the stocks that's what caused businesses to make the decision that they we're going to buy all

the chips. >> record highs across the board for the market is all about a.i. is the a.i. powering the rally. >> absolutely 65% of the years returned so far from the six biggest companies out there the magnificent seven minus tesla the market is up 15% this year and nvidia 170 there is 40% of the stocks in the s&p 500 are negative this year, their negative. when you look at what's happening you have a bifurcated stock markets top-heavy and very narrow and i do believe it starts to broaden out as it becomes more and more likely that the fed begins to cut rates, small caps in particular will be big beneficiaries at that point in time. >> do you put your clients into nvidia at this point. >> full disclosure it's one of the largest positions but we've wrongly been trending along the way. >> that's a putin decision to make. >> we gotta be honest.

>> your trim in your outside position, we've been doing that. >> stay there you're with me for our, golden goose the sneaker people have celebrity endorses like taylor swift and what they were supposed ipo this week, not happening. >> they postponed it was supposed to happen to milan and are blaming the political uncertainty around the eu elections in deterioration in market conditions sense, they had a valuation of $2 billion that was set to go public in milan now that's been postponed. stuart: conservative winds in the european election have upset the market the italian market. >> it was a luxury customer the ramification for that i don't know but that is the statement. >> terribly uncomfortable shoe by the way. >> there is no soul to them it's like walking on cement. >> or $700 and they are dirty and there made to look dirty, i like them, they could be uncomfortable i've worn them

before and you always, when i wear them you call them ugly. stuart: thank you very much. seattle seen a rise in covid cases, wait a minute is a possible that seattle would return to restrictions, say it ain't so will have a report on it a week away from the first presidential debate, does bill hemmer see this as a make or break moment for the biden campaign, we will ask you because is coming to the show, donald trump said receive invasion on the border under biden but the numbers show a 25% drop in crossings since bidens executive action was in place, border patrol guy hector garza takes that on next. [thunder rumbles] ♪ ♪

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stuart: the fed busted a multimillion dollar drug trafficking operation after a five-year operation griff jenkins has the story, this drug operation has been run by a partnership between the mexican cartel and chinese nationals, is that right. >> that is right is a powerful cartel and wealthy chinese nationals in the l.a. area dubbed operation fortune runner this multiyear was carried out between the d.o.j., dea chinese and mexican law enforcement and it delivered a serious blow to the cartel he was working hand-in-hand with the chinese underground bankers a partnership of mutual interest in longer proceeds of excess of 50 million. >> the cartels are desperate to get cash made from the sale of drugs in the united states back down to mexico without having the cash seized by u.s. or mexican authorities. >> the chinese money money laundering groups under are in

the business of helping wealthy chinese nationals obtain cash in this country. >> the superseding and untenable 24 defendants, leading suspect edgar martinez reyes use a variety of methods to hide money sources including crypto currency, the operation s sees interdependent cooking, 90 pounds of meth, 3000 ecstasy pills and numerous weapons and what made this criminal partnership so dangerous, it was good for the cartels bottom l line. >> the percentage that gets paid in the u.s. is closer to one or 2% the affiliates and members of the cartel are paying much less to get their money longer than they were before. >> u.s. officials thanked china for playing a critical role in this investigation, china remains the primary source offense at all and precursor materials but the cartels used to make the drugs in mexico. >> griff jenkins, thank you very

much, trump is blasting bidens immigration order, watch this. >> cricket joe is sending a message to the world that he awards illegal entry and that is what is happening, they hear about all of the things that are coming in. our country is under invasion, we should not be talking amnesty we should be talking about stopping the invasion instead, this is an invasion of our country. we have to seal the border and that people come into our country but they have to come in legally and we have to send joe biden's illegal aliens back home where they belong we have no choice. >> national portable juul vice president hector garza joins me now, homeland security says the flow of migrants has fallen by 25% since bidens executive action, could this be explained by the direct flights that some migrants are taking that fly in and walking across the border does not explain the decline? >> this particular one has had

some impact on the border, the impact has been a political impact for joe biden in in places like the state of texas where i work at in the illegal border crossings because of the state of texas and it was very influential in resources and trips to the border that help the decline if you look at places like this we were so busy and also we cannot ignore the fact that we have so many guideways on the border. in the crossings that happened on flights in the port of entry, those have continued, however, we expect to see traffic of the border to continue. stuart: congressional budget office says increase migration will boost economic growth over the next decade, we have millions of migrants in this country, i don't think we could deport them all, should they

work to improve our economy? >> that's true it could be challenging for us to deport all the illegal aliens that joe biden has allowed to come into this country especially not keeping proper data or records or knowing where these people are at after the across-the-board illegally they were guideways into the country under the catch and release program in congress is to do something about the community and i'm not sure rewarding illegal immigrants. stuart: can you see 8 - 10000000 people in this country illegally not working, that is out of the question, they've got to work, these people are working in their seed identities in their working for cartels or in the sex trade in their working some people are working in the interest reason restaurants but at the end of the day we should not be rewarding. >> we should not be rewarding

them i know we may encourage a greater flow but if they don't work we're going to support them supporting 8 - 10000000 people is expensive and a lot of us don't want to do it. >> so far it's a great point at the end of the day there working in the shadows of society in most of them don't pay taxes with the getting government benefits. there has to be a solution to the huge problem, congress needs to get their act together and find out what is the bipartisan thing to do to solve the problem that's been created to open borders and catch and release, there's a big problem in working in the sex trade and that needs to stop again we welcome president trump and put on this, he has secured the border in the past and we appreciate him. >> and you want to secure it in the future, thank you for joining us. see you again soon. migrant encounters along the northern border are on the rise, come on in what is going on up

there. >> human smuggling big business on the canadian border, criminal networks arrange everything from airplane tickets to toronto and montréal, ride to the border and even the pickup vehicle on the u.s. side of the border, the smugglers charge was anywhere from 1000 - $35000, u.s. border patrol encounters along the border with canada and border agents recorded 12000 apprehensions, that is three and a half times more than in 2022, this year's numbers are tracking even higher, the hotspot is with vermont and new hampshire that's where many illegal migrants have been apprehended. it can be just as dangerous on that side, you mountains, winter weather, streams, lakes, dangerous trying to come through on that side of the border as

well. stuart: thank you very much, here is an unlikely alliance, the oil and corn industry teaming up to take on bidens tailpipe omission rules, they say these will harm the economy, we have a full report on that, donald trump leading biden with independent voters by 12 points, the same poll shows biden leading by two points. what caused the reversal, bill hemmer next on that. ♪ ♪ limu emu... ♪

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has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. stuart: the market is closed for juneteenth that we can check features. on the left-hand side of your screen, mixed picture, the dow is down 55, nasdaq up 43, tepper still with us lot for punishment, he brought with us the stock picks, first stock pick amd. >> that the number two chip after nvidia the stock is up 5% s&p up 15% and semi conductor

16% the number two a.i. chip in the world and is lagging the market and semi conductor by that much currently trading at a 33% discount to nvidia's valuation not only are they benefiting from the a.i. push but also the data center department is very strong still as is the likelihood of a pc refresh cycle because people will want to buy new pcs so they can take advantage of a.i. >> 153 where is this going. >> i think this could go to $200 over the next year. stuart: not that a 30% gain, in ch i that is the china etf reasonably well, why do you like it. >> this is a short-term trade not a long-term hole by any means, i think long-term china certainly has its challenges they built the ghost cities they have demographics challenges whether expected to lose

population but when you look at what's going on investor sentiment around the chinese stock market has been incredibly negative the chinese government whether you like them or not there stepping into save this and make the sentiment more positive. i think you could see a short-term pop over the next 30 - 60 days. >> strictly short-term. stuart: thank you. now that the administration is spending big to hold onto the boat in wisconsin. but trump is looking to burst through the blue wall. grady trimble is with me, how much is been spent in wisconsin so far. >> the biden administration has sent $7 billion to wisconsin for infrastructure and clean energy, that includes three half-billion for roads and bridges, wanted half-billion for high-speed internet, nearly 26 billion for essentially green school buses and over 45 million for ev

chargers. former president trump at a campaign rally took aim at his opponent and tied the biden administration spending to higher prices. >> i will stop bidens wasteful spending and rapidly terminate the green news scam which is a total scam, we are spending money like drunken sailors, you know expression drunken sailors. i will in the biden inflation nightmare and we will ended quickly. >> the biden campaign is hoping people in wisconsin especially the milwaukee area where the president needs solid turnout see the money coming in, president biden has visited the badger state several times to tout the projects and to take some credit. >> my friends in the far right have criticized invested in americans and this includes my bipartisan info structure law and the chips in science act in relation induction act.

a lot of businesses that are supported is the key to economic growth were seen now. >> trump one wisconsin over hilary clinton in 2016 and biden turned to blue and 2020 by less than 1% a tossup now as the biden campaign tries to fortify the blue wall there could be some cracks in it. stuart: thank you, take a look at this poll, last month biden was down 12 points to trump this is among independent same poll biden has a two-point lead bill hemmer is our political of the day can you expand the turnaround for independent. >> will save it last i look at the same poll and i find good news for joe biden and good news for donald trump. in the same poll biden is up eight points among independents. conversely trump is up six-point from the same period of time among white voters, their tight 49 - 49 without the one-on-one

battle but if you bring another party candidate or fourth party in their, trump takes the lead in the poll. listen to grady in wisconsin, i crunch the numbers i think wisconsin is at the forefront of our thought of what can decide the selection. supertight in a biden loses trump is a good chance to win this thing if biden wins to keep the blue wall intact. in 2022 people on the ballot biden wins by 20682 votes. in 2016 there were three people on the ballot gary johnson was a third-party candidate that got 106,000 votes trump beat hilary by 22748. i know it's a lot of numbers but numbers is your game most of those votes i would contend for gary johnson or maybe even a third or half would've gone to

hilary clinton i have to keep a close eye on the background state onto whether or not one-on-one or the other candidates like robert kennedy or jill stein. stuart: speaking on one-on-one you talk about the debate trump divided one-on-one on the first debate less than a week away, do you think this is make or break for biden bearing in mind his recent cognitive challenges? >> that depends on if someone screws up. my feeling is way to be a draw if they get out of line it would be a push. stuart: biden has one of his famous senior moment. >> the republicans are going to see what they want to see a democrat to go to see what they want to see. here's what i'm stuck on. i understand a 90 minute debate and i understand the staff cannot interact and they can our podiums i am they said they could have tables but is podiums

this could be a walkout, i know they get a bottle of water and they get a paper in a pad of paper and a pen as her sitting there but they cannot bring noted with them. and there's no studio audience. i believe both men have shown a tendency to lose their focus when they're trying to make a point. stuart: trump is losing as much is biden? >> maybe they have told us but none of the information is here. you talk for 30 seconds or 60 seconds for two minutes and therein lies the challenge for both men to stay on point. stuart: you seem to be neutral on this. you have to finish your points is biden going to remember what the ideas in his trump and loses train of thought. whoever can be the most sustained and appointed they make will win this debate next thursday.

stuart: if the microphones are muted that means there's more talking and more talking is a problem for biden because he can't string the census together properly. >> it could be a challenge in the same thing for trump he's gotta make sure that he sticks the landing on the points that he wants to make. stuart: you agree make or break for biden especially because of his cognitive decline. >> it could can i hedge. >> you're watching me. >> and i ask a question, should trump do less and let biden do more to show us where he that. >> history shows us in september debate of 2020 in cleveland, ohio when trump had covid that he was far too aggressive and challenging biden. >> you should step up, with no live audience and the mike's cut and that may serve as an advantage to him. >> a superb job of diplomacy.

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stuart: oil and corn teaming up to take on biden's tailpipe admission roles and i walk out of a swing. >> legislative oil reached they are bedfellows in a way they're arguing that the epa regulations will cause economic harm instead admission limits that are nearly impossible for the automakers to

meet in one-size-fits-all approach to climate change is ignoring other remedies like biofuels and ethanol. they are suing again. stuart: an op-ed, the end of the petrodollar is the end of america's global dominance. daniel turner wrote that, he joined me now. you're really saying the end of the petrodollar is the end of the u.s. as the lone superpower qnx window to me. >> the oil industry is a thoroughly american concept, oil was an invented america and oil refining wasn't even invented in america but the industry was pioneered by america and oil has always been traded around the world in dollars look at the ticker on the screen is as oil prices and crude whether it's in texas or the middle east or even off the coast of england in the north sea oil is treated in

dollars, that trade in the u.s. dollar has better currency has strengthened the u.s. dollar but is also strengthen america's role in international affairs. saudi arabia has decided to skip the treaty under the biden administration watch saudi arabia since were no longer trading oil in dollars and we will choose the currency to trade oil in, that means america is getting pushed aside in an industry that we pioneered around the world. stuart: how many countries are like saudi arabia in the push to get the dollar into a second-tier for the purchase of trade in oil how many countries are doing this on any scale. >> saudi arabia is the first but the domino could continue because we have an administration that has prioritized indeed the fossil fuel industry asked biden himself the direct quote we will in fossil fuels. if you're not only saudi arabia but russia or any other opec

nation, venezuelan and sanctions have been lifted in the oil industry is taking off and iran is producing six times more oil now than it did when biden was inaugurated. why are any of these countries using the dollar as america itself says we're going to get rid of oil, i don't what is the oil traded in rubles i don't want to see it traded in saudi rials or any other foreign currency but a lack of american leadership means it's the direction. this industry is heading in america's getting pushed out of these negotiations and that is bad, the markham dollar disappearing does that mean saudi values are taken over, saudi arabia and the country where they throw homosexuals off the roof and they don't let women driver leave the house alone in our allowing saudi arabia to trade and industry that we pioneered in their own currency with their values this is what's happening and pride month of all months under the biden administration watch, there's a lot happening with

this collapse and no one is talking about and mainstream media because it makes biden look very, very weak ineffective. stuart: where you think the price of oil is going $81 and rising. >> ninety-five dollars by august is highly possible. stuart: daniel turner thank you for joining us and explaining op-ed. ninety-five dollars a barrel of oil in the summer. >> it could happen the economy is slowing down a little bit that is certainly a challenge but were constructive on oil it's one of the reasons that we added to our baker hughes position but i'll tell you our biggest energy play is cameco which is a nuclear play but to dance point about the petrodollar i've had a lot of clients asking me about the biggest long-term threat that i see for our economy and undoubtedly the u.s. losing reserve currency status. we would not recognize our lives if that were to happen.

stuart: not even close. >> according to ray dally is research the average empire lasted 50 years before begins its demise, that is 2026 for us, how does that happen, running agree just deficits, racking up debt, all of the things that ray dally yelled has research going back through they are happening and i don't think it can happen tomorrow by any means but could we be challenge over the next 5 - 10 years on that, certainly. >> not in my lifetime but again we don't know what my lifetime is. moving on. i'm not sure i understand the warehouse operators are looking to install solar panels on the roof tops, this is your story why are warehouses prone to solar panels. >> they want to save money and use the space which is just sitting there but warehouse operators wanting to cut costs and make more money by installing these panels but they

find out low electricity prices and the high cost for the green technology have just made it difficult to justify the investment. landlords reluctant to take on the cost of the information with the financial payoff may not come until years down the road location is the key in illinois and they asked 11 cents per kilowatt hour and less expensive than solar power, california's nearly 24 cents per kilowatt hour so solar makes more sense there and it depends on how sunny it is, this is basic in the particular location that comes as no surprise that solar panels produce a whole lot more energy on average in southern california than they do in seattle. stuart: understandable, thank you. i am sad to see this but you better take a look at it, environmental protesters defaced

stonehenge with orange spray paint they did ahead of the summer solstice when stonehenge is a popular tourist place to visit, this was carried out by the oil activist, the same people that through tomato soup on a van gogh painting, coming to this, what you make of these protests what we going to do with these people. >> that seems like an act of terrorism to be completely fr frank, are they wearing masks, i cannot stand when the cowards do this and that they were masks and hide behind them. this is what happens when there are no consequences for bad behavior, we have to get back to celebrating and winning in good behavior. >> i'm in prison. >> we cannot allow this to happen we have seen this with the paintings in the past and now stone hedge, disgraceful. >> thank you for your thoughts, seattle is going to stop bolstering the ranks of the police force with the illegal migrants, the city has seen offices and struggling to

recruit more is that a solution, illegals, jason rantz on that next. ♪ (♪) (♪) (♪) (♪)

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stuart: the seattle police force has lost 700 officers in the last five years, they want to fill the gap by using illegal migrants as cops, jason rantz joins us, first of all what is wrong with imploring illegals as police officer vinnie can't find homegrown people to do it. >> i don't necessarily have a problem in practice were just the idea of daca recipients, we were talking about kids who came here through no action of their own they were brought here as kids because the parents came here so i don't have a problem with that, the only issue it is illegally potentially untenable program because we don't know whether daca is going to last from constitutional standpoint and the whole idea of daca recipients be able to carry firearms, the atf put out a statement in january saying don't worry you can do this under the gun control act but i don't know if that is truth and

of course the next atf director could end up changing the policy and you might be put all of this effort and energy into hiring practice that's not going to go anywhere because it might be unconstitutional and we don't have that many people, i'm not aware of a single person who is a daca recipient who said the good work for seattle or l.a. were they doing the denver weather doing this i haven't seen any of those numbers it seems it's going to be a small group that you're pulling from. stuart: a tough situation for seattle, seattle is seeing a rise of covid infection and this is been happening since april, surely, even in seattle they're knocking to bring back restrictions are they, please tell me that. >> there is no way that the politically untenable position for sure you have the small percentage of folks generally in the seattle area who will go for jjogs and they have their mask n and you look at them and i try

not to judge but i cannot help but judge. for the most part people decided they're not going to do this anymore, we moved on the whole idea that we see the big surge of cases is nonsense, if you look at the numbers were seattle is, the last week 1.5% of er visit having covid, not because of covid but having tobin down to half a percentage it is clearly not an emergency and were not seen any where near a number of deaths that will be deemed statistically alarming. stuart: we are reassured, thank you very much indeed. jason rantz. it is that time for the wednesday trivia question and again, we have a doozy, the egyptian. amid with gold and which of the color when they were first built white, brown, gray, red. have you ever got a question like that before. we do have an answer, we will launch you have after this.

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stuart: we asked a very important question. the egyptian pyramids were gold and which color when first built? ashley, you have the privilege of going get first. lauren: we are guessing what you are going to guess.

ashley: i think it is about reflecting light so i think number one, white. stuart: a question, surely. lauren: i was going to say read but i am switching to gray. stuart: what stone is gray in egypt? lauren: i have no idea. stuart: i think you are right. the answer is white. it cannot be. when the pyramids of giza were built, they were covered in 6. one million tons of white limestone with capstones of gold. who knew? who knew? white. tepper, thanks for sticking around to. lahren and ashley, see you tomorrow. now friday feedback. 3, 2, one. coast-to-coast starts now.